Fed's Preferred Inflation Measure Dropped To 7-Month Low In January
1. Inflation slowed to 2.5% PCE in January, meeting economist forecasts. 2. Core PCE inflation stands at 2.6%, lowest since June's figure. 3. Inflation remains above the Federal Reserve’s 2% target, expected to stay until 2027. 4. Consumers’ inflation expectations are the highest since November 2023. 5. Sticky inflation hints at less frequent interest rate cuts by the Fed.